TheStreet cut shares of BWX Technologies (NYSE:BWXT) from a b rating to a c+ rating in a report issued on Tuesday morning.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut BWX Technologies from a hold rating to a sell rating in a research report on Thursday, August 9th. SunTrust Banks cut their price objective on BWX Technologies from $83.00 to $79.00 and set a buy rating for the company in a research report on Tuesday, August 21st. Bank of America cut their price objective on BWX Technologies from $70.00 to $58.00 and set a neutral rating for the company in a research report on Thursday, November 8th. ValuEngine cut BWX Technologies from a hold rating to a sell rating in a research report on Wednesday, November 7th. Finally, Credit Suisse Group cut their price objective on BWX Technologies from $60.00 to $46.00 and set a neutral rating for the company in a research report on Thursday, November 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $59.56.

Shares of NYSE BWXT opened at $43.45 on Tuesday. BWX Technologies has a 52 week low of $41.98 and a 52 week high of $72.18. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.93. The company has a market cap of $4.37 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.73 and a beta of 0.58.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.22). BWX Technologies had a net margin of 10.81% and a return on equity of 66.38%. The company had revenue of $425.50 million for the quarter, compared to analyst estimates of $461.26 million. During the same period last year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that BWX Technologies will post 2.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $0.64 dividend on an annualized basis and a yield of 1.47%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.22%.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $61.57, for a total transaction of $61,570.00. Following the transaction, the chief financial officer now owns 69,570 shares in the company, valued at approximately $4,283,424.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jason S. Kerr sold 1,365 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $64.06, for a total value of $87,441.90. Following the transaction, the vice president now owns 9,132 shares in the company, valued at approximately $584,995.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,365 shares of company stock worth $252,952. Corporate insiders own 0.52% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. William Blair Investment Management LLC increased its stake in BWX Technologies by 15.9% during the 3rd quarter. William Blair Investment Management LLC now owns 6,647,175 shares of the technology company’s stock worth $415,715,000 after acquiring an additional 911,880 shares during the period. BlackRock Inc. increased its stake in BWX Technologies by 2.9% during the 3rd quarter. BlackRock Inc. now owns 6,131,318 shares of the technology company’s stock worth $383,454,000 after acquiring an additional 171,620 shares during the period. Brown Advisory Inc. increased its stake in BWX Technologies by 12.5% during the 3rd quarter. Brown Advisory Inc. now owns 5,076,657 shares of the technology company’s stock worth $317,494,000 after acquiring an additional 563,539 shares during the period. Wells Fargo & Company MN increased its stake in shares of BWX Technologies by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 2,899,523 shares of the technology company’s stock valued at $180,698,000 after purchasing an additional 69,903 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of BWX Technologies by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,915,458 shares of the technology company’s stock valued at $119,793,000 after purchasing an additional 96,700 shares during the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

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Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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